ENI S.p.A. (NYSE:E) shares fell Friday as the Italian energy major advanced plans for a large-scale liquefied natural gas hub in Argentina following high-level meetings in Buenos Aires.The President of Argentina, Javier Milei, met with Claudio Descalzi, Eni’s chief executive, to review the company’s current footprint and potential new projects in the country.Afterward, Descalzi joined YPF (NYSE:YPF) President and CEO Horacio Marín to sign the Final Technical Project Description, a key milestone toward a Fin ...

(Bloomberg) -- Share of Venture Global Inc. plunged the most in seven months after the US liquefied natural gas exporter lost a dispute over the sale of cargoes with one of its key customers, BP Plc.The stock fell as much as 23%, the most since March, on Friday following a ruling by an arbitration tribunal that Venture Global breached its contract with BP by selling LNG on the spot market from a Louisiana facility rather than to customers that held long-term agreements. BP is seeking more than $1 billion in ...

BP has won an arbitration case it brought against Venture Global, alleging that the LNG exporter had violated its long-term supply contract with the supermajor in order to make bigger profits on the spot market. The development delivers a blow to Venture Global, which has become one of the largest exporters of liquefied natural gas in the United States in a matter of years, not least because it tapped the spot market right when demand for gas was soaring. The problem that BP and half a dozen other energy ...

Germany could suffer economic losses of around 40 billion euros if this winter turns out colder than average, gas utility Uniper has warned in a report that said such a development could plunge Germany into a recession. Every year, as October begins and with it, quite often, heating season, Europe begins a race to fill its gas storage facilities in time to secure a comfortable level of stocks ahead of peak demand for electricity and heat. Norway stands ready to step up gas exports to the European Union, U ...

HOUSTON, TEXAS / ACCESS Newswire / October 9, 2025 / Stabilis Solutions, Inc., ("Stabilis" or the "Company") (Nasdaq:SLNG), a leading provider of clean energy production, storage, and delivery solutions, today announced that it has entered into a 10-year agreement with a leading investment-grade global marine operator to supply Liquefied Natural Gas ("LNG") for their marine bunkering operations at the Port of Galveston. The long-term agreement marks the Company's first marine bunkering contract for liquefac ...

Shell is gearing up to restart preliminary work on the Dragon gas field, located offshore Venezuela, to supply gas to Trinidad and Tobago, reported Bloomberg, citing people familiar with the matter. The project awaits a new licence from the Trump administration, which would exempt it from sanctions. This move is expected to help Trinidad's liquefaction complex and petrochemical plants, which face gas shortages. The Dragon gas field, situated in shallow waters between Venezuela and Trinidad, is crucial f ...

There will be enough natural gas for the UK during the winter season, the country’s National Energy System Operator said in a report ahead of peak energy demand season. National Gas, the UK’s top supplier of the energy commodity, also sees no cause for concern for the coming winter, Reuters reported, citing both organizations. Domestic natural gas production is on the decline as energy self-sufficiency falls down the priority list to be replaced by emissions reduction and the decarbonization of the econom ...

Key Takeaways CVX is working to restart key El Segundo refinery units after a major fire disrupted output.The refinery's partial shutdown sparked a 33-cent jump in jet fuel prices across Southern California.Investigations are underway as Chevron restores operations and stabilizes regional fuel supplies.Chevron Corporation (CVX) is reportedly working to restart several processing units at its massive El Segundo refinery following a fire that forced partial shutdowns last week. The refinery, located near Los ...

Key Points Exxon's 2030 plan will deliver significant earnings and cash-flow growth over the next several years. The company plans to invest heavily in growing its legacy oil and gas business and new lower-carbon energy businesses. Exxon should return a lot of cash to shareholders in the coming years. 10 stocks we like better than ExxonMobil › Demand for energy is at an all-time high and still growing. Economic expansion and new drivers like artificial intelligence (AI) are set to keep oil demand ...

With the $20bn onshore liquefied natural gas (LNG) project in northern Mozambique expected to resume development soon, the energy sector is seen as a significant catalyst for ramped-up growth in the country.Even though the security situation in the Cabo Delgado area in which TotalEnergies is leading gas developments remains volatile, the French energy giant has announced that it plans to resume work at the site in late 2025 after a four-year delay.The suspension of work four years ago followed attacks by Is ...